<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the Form 10Q
for the period ending September 30, 1994 and is qualified in its entirety by
reference to such 10Q.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-START>                             JAN-01-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                           4,586
<SECURITIES>                                    71,448
<RECEIVABLES>                                        0<F1>
<ALLOWANCES>                                         0<F1>
<INVENTORY>                                          0
<CURRENT-ASSETS>                               121,824
<PP&E>                                               0<F1>
<DEPRECIATION>                                       0<F1>
<TOTAL-ASSETS>                                 250,426
<CURRENT-LIABILITIES>                           18,281
<BONDS>                                              0
<COMMON>                                         7,500
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     198,654
<TOTAL-LIABILITY-AND-EQUITY>                   250,426
<SALES>                                              0
<TOTAL-REVENUES>                                92,041
<CGS>                                                0
<TOTAL-COSTS>                                   95,499
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0<F1>
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  (366)
<INCOME-TAX>                                       759
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,050)
<EPS-PRIMARY>                                    (.16)
<EPS-DILUTED>                                        0<F2>
<FN>
<F1>Disclosure not required on interim financial statements.
<F2>Computation not applicable.
</FN>